January 2, 2014 |
The economy is brightening as 2014 arrives - but that could signal higher borrowing costs for homebuyers as the Federal Reserve scales back its efforts to lower interest rates and the chance of higher inflation increases. Lenders were offering 30-year fixed-rate mortgages this week at an average of 4.53%, up from 4.48% last week and the highest since September, Freddie Mac said Thursday in its weekly report . The interest rate for a 15-year fixed loan averaged 3.55%, up from 3.52% last week.
April 26, 2012 |
Extending a long stay near record lows, fixed mortgage rates edged lower this week, with lenders offering the typical 30-year loan to solid borrowers at 3.88%, down from 3.9% last week, according to giant loan buyer Freddie Mac. In the 21 weekly surveys that Freddie Mac has released starting Dec. 8, only one has shown the 30-year average above 4%. The record low of 3.87%, statistically no different from this week's reading, was recorded on...
July 26, 2012 |
The typical rate on a 30-year fixed mortgage tumbled below 3.5% for the first time this week, Freddie Mac said -- the latest record low in a trend that has fired up refinancings but done little to ignite housing demand. Freddie Mac's weekly survey of what lenders are offering to rock-solid borrowers showed the 30-year rate at an average of 3.49%, down from 3.53% last week. The 15-year fixed loan fell from 2.83% to 2.8%. Borrowers would have paid 0.7% of the loan amount in lender fees and points to obtain the rates, according to Freddie Mac. The survey underscores the success of the Federal Reserve in pushing down interest rates to support a sputtering economy that shows few signs of inflation.
September 4, 1985
Kenneth J. Thygerson resigned Tuesday as president of the Federal Home Loan Mortgage Corp., a quasi-governmental agency better known as Freddie Mac, to join a San Diego-based S&L. Thygerson, who has headed Freddie Mac since August, 1982, is leaving effective Sept. 15 to become president and chief executive of Imperial Corp. of America, a savings and loan holding company with branches in California, Kansas and Colorado and assets of $8.5 billion. He succeeds Matthew Shevlin Jr.
March 12, 2010 |
The average interest rate on a 30-year fixed-rate mortgage dropped to 4.95% this week from 4.97% last week, Freddie Mac said Thursday. The mortgage giant's weekly survey asks lenders what rates they were offering -- and the upfront fees they would charge -- for borrowers with good credit and a 20% down payment. Upfront fees averaged 0.7% of the loan amount. The average rate offered on 15-year fixed-rate mortgages, popular as a refinance loan for borrowers wanting to pay off their mortgages faster, was 4.32%.
March 28, 2013 |
Borrowers with solid credit were being offered 30-year fixed home loans at an average 3.57% this week, up from 3.54% a week ago, according to Freddie Mac 's latest survey. The average offering rate for a 15-year mortgage -- a popular option for those refinancing homes -- rose from 2.72% to 2.76%, the home-finance firm said Thursday. The starting rate for loans that are fixed for five years before becoming variable rose to 2.61% from 2.68%, the survey found. QUIZ: How much do you know about mortgages?
March 7, 2013 |
Unlike the rampaging stock market, mortgage rates are in a holding pattern, with lenders offering the 30-year fixed loan this week at an average 3.52%, up from 3.51% last week, Freddie Mac said in its weekly survey. The interest rate on a 15-year fixed loan, a popular choice for borrowers refinancing mortgages, held steady at 2.76%, Freddie said Thursday. Borrowers would have paid 0.7% of the loan amount in upfront fees to the lender. QUIZ: How much do you know about mortgages?
August 19, 2004 |
Freddie Mac, the No. 2 U.S. mortgage finance company, said Wednesday that it might face civil action from the Securities and Exchange Commission for possible violations of securities laws. The company said it had received a "Wells notice" indicating that SEC staff is considering recommending action against it to the full commission that may include a permanent injunction and monetary penalties.
May 7, 1995
In response to Jan Hickenbottom's April 16 "Condo Q & A" column regarding earthquake insurance for certain condominium associations and Freddie Mac, we appreciate the opportunity to clarify some of the impressions left to the reader--and more importantly, to the condominium homeowner. The column stated that "The impact on low- and moderate-income home buyers could be disastrous. . . ." The Freddie Mac insurance requirement is for selected condominiums--not low- and moderate- income loans.